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bazaltina [42]
3 years ago
12

A manufacturing plant is trying to determine standard production per day for an incentive program. Suppose that the incentive pr

ogram will pay $1 per unit produced above standard rates. A worker is timed at an average of 280 seconds per unit, with a performance rating of 105%. The plant has an allowance factor of 13%. If the worker later produces 100 units in an 8 hour shift, how much would he receive under the incentive plan
Business
1 answer:
raketka [301]3 years ago
8 0

Answer:

He would receive $15 under incentive plan.

Explanation:

The given values are:

Average observed time

= 280 seconds per unit

Performance rating

= 105%

i.e.,

= 1.05

Allowance factor

= 13%

i.e.,

= 0.13

So,

⇒  Standard \ time = \frac{(Average \ observed \ time\times Performance \ rating)}{1-Allowance \ factor}

On putting the estimated values, we get

                             =\frac{(280\times 1.05)}{(1-0.13)}

                             =\frac{294}{0.87}

                             = 337.93 \ seconds

The available time will be:

= (8 \ hours\times 60 \ min/hr\times 60 \ sec/min)

= 28800  \ seconds

Now,

The Standard production per day will be:

= \frac{Available \ time}{Standard \ time}

= \frac{28800}{337.93}

= 85.22 \ units

Since he generates 100 units, he consumes about 15(00-85,22) units per day well above normal production.  

So that he's going to get:

= 15\times 1

= 15 ($)

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nlexa [21]

Answer:

The correct answer is the option C: For markets to work, people must be free to pursue their self-interest.

Explanation:

To begin with, Adam Smith was a Scottish economist, philosopher and author known as ''The Father os Economics'' and whose works established the basics of today's economics.

To continue, in Smith's most known classic work, ''An Inquiry into the Nature and Causes of the Wealth of Nations'', he established the concept called the <u><em>''invisible hand''</em></u><u> </u>that states that <u><em>in order to the economy to work properly, the people must be free to pursue their self-interest products without no restrictions from the government</em></u>.

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3 years ago
Which of the following sentences about Wikipedia is true?
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Actually I got mixed up, the answer i meant to write was B.
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Following is an extract of account balances of Wilson Mowing Services as of December 31 of the first year of operation. Accounts
Nataly [62]

Answer:

$32,300

Explanation:

With regards to the above, the amount of total assets is the addition of current assets + Fixed assets.

= Accounts receivables + Cash + Truck equipment

= $7,000 + $7,300+ $8,000 + $10,000

= $32,300

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The tax concept and economic concept of income are in agreement on which of the following:
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Damien Carranza is an nonexempt employee of Verent Enterprises where he is a salesperson, earning a base annual salary of $30,00
Kay [80]

Answer:

Total weekly pay of August =   =  $ 1468.75

Explanation:

Annual salary = $30,000

Monthly Salary = $ 30,000/12=  $ 2500

Salary for 40 hours * ( 4 weeks) = 160 hours = $ 2500

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He worked additional 4 hours so pay for four hours is = 4 * 15.63=  $ 62.5

But as he is a non exempt  employee he is entitled to get 1.5 times higher than normal pay for over time so  

he will be paid $ 62.5 * 1.5= $ 93.75 for over time

Commission on Sales = 3 % of $25,000

                                    = $ 750

Weekly pay= $ 2500/4=  $ 625

Total weekly pay of August =  Weekly pay + Commission + Overtime

                                                =  $ 625 +  $ 750 +  $ 93.75

                                                 =  $ 1468.75

8 0
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